Category: Economy

Prime Bank Unveils Mobile Platform Prime LenDen Prime Bank Unveils Mobile Platform “Prime LenDen”

Prime Bank Unveils Mobile Platform “Prime LenDen”

Prime Bank is making a significant entry into Bangladesh’s mobile financial services (MFS) sector with the launch of Prime LenDen, a new platform designed to rival established providers such as bKash, Rocket, and Nagad. The service has received formal approval from the Bangladesh Bank, underscoring the institution’s commitment to expanding its digital footprint. The platform […]
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Singapore Insurers Struggle to Balance Outsourcing and Data Singapore Insurers Struggle to Balance Outsourcing and Data

Singapore Insurers Struggle to Balance Outsourcing and Data

Insurers in Singapore are increasingly turning to external asset managers to enhance portfolio oversight and reporting, but this growing reliance is intensifying challenges around data management, integration, and control. A recent study by Clearwater Analytics Holdings, Inc. highlights the delicate balance insurers must strike between leveraging third-party expertise and maintaining authority over their expanding data […]
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PVI Insurance Extends A– Rating Streak PVI Insurance Extends A– Rating Streak

PVI Insurance Extends A– Rating Streak

HÀ NỘI — PVI Insurance Corporation has reinforced its position within the international insurance market after securing an A– (Excellent) financial strength rating with a stable outlook for the fourth consecutive year from AM Best. The reaffirmation highlights not only the company’s sustained growth trajectory but also the robustness of its financial architecture and adherence […]
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HDFC Bank Dismisses Executives Over Onboarding Lapses 2 HDFC Bank Dismisses Executives Over Onboarding Lapses

HDFC Bank Dismisses Executives Over Onboarding Lapses

In a significant development at HDFC Bank, three senior executives have been dismissed following lapses in client onboarding at its Dubai International Financial Centre (DIFC) branch. The move comes shortly after the unexpected resignation of the bank’s part-time chairman, Atanu Chakraborty, who cited ethical concerns as the reason for stepping down. Sources indicate that the […]
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Iran Tensions Amplify Aviation Insurance Pressures

Iran Tensions Amplify Aviation Insurance Pressures

Rising hostilities involving Iran are exerting renewed pressure on the global aviation insurance market, with implications for pricing, underwriting, and risk management, according to legal and insurance specialist Kennedys. As geopolitical instability escalates, aviation insurers are facing both immediate operational challenges and long-term structural strain in the war risk segment. Disrupted Flight Operations Airlines operating […]
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Rising War Risks Fuel Insurance M&A Momentum

Rising War Risks Fuel Insurance M&A Momentum

Global and Asia‑Pacific insurance markets are navigating a volatile landscape as geopolitical tensions stemming from the Iran conflict intensify. Remarkably, mergers and acquisitions (M&A) in the sector continue to accelerate, highlighting a divergence between escalating underwriting risks and robust dealmaking activity. Analysts attribute this trend to insurers’ strategic pursuit of consolidation, scale, and market diversification […]
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